Identify whether the situations could have accounted

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Problem

A business has printed out an inventory report from the accounting system. This suggests that at the end of the financial year, the closing inventory balance should be £158,670. However, a physical inventory check taken by staff at the end of the year totals £157,980. Identify whether the situations could have accounted for the difference, or a physical inventory check taken by staff at the end of the year totals £157,980. Get the instant assignment help. Identify whether the situations could have accounted for the difference, or not.

Reference no: EM133919920

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